Q1. What to do if the Cheque / Check is Dishonored (dishonoured, bounced) by the bank of the drawer?

A.You have two options: - (i) Issue Legal Notice of Demand for Dishonor (dishonour, bouncing) of Cheque / Check to the drawer through Advocate, or (ii) if the period of Six English Calendar Months have not expired from the date mentioned on the cheque, then you can represent it for encashment in the bank.

Q2. What is the Time Period for issuance of Legal Notice of Demand for Dishonor (dishonour, bouncing) of Cheque / Check?

A.Thirty (30) days from date of intimation of Dishonor (dishonour, bouncing) of Cheque / Check by bank to its customer.

Q3. What is the time period for Payment of Dishonored (dishonoured, bounced) Cheque / Check amount by Drawer?

A.Fifteen (15) days from date of Receipt of Legal Notice of Demand for Dishonor (dishonour, bouncing) of Cheque / Check by the Drawer.

Q4. What are the essentials of Legal Notice of Demand for Dishonor (dishonour, bouncing) of Cheque / Check?

A.No specific form of legal notice for Dishonor (dishonour, bouncing) of Cheque / Check is prescribed by the law. However, Legal Notice for Dishonor (dishonour, bouncing) of Cheque must ask for the payment of specific amount involved in the Dishonored (dishonoured, bounced) Cheque.